ADMINISTRATION FEE AND INTEREST CHARGES:
A one- time administration fee of 1% of the current loan amount may be charged on all advances and guarantees.
The regular rate of interest to be applied on any investment/loan from the investment fund shall be 10%.
LIMITS OF FINANCIAL ASSISTANCE: The total amount of assistance provided to any eligible applicant or business will not normally exceed $250,000.00.
ELIGIBILITY CRITERIA: Financial assistance shall only be provided by The Venture Centre/Le Centre de développement to business projects:
A copy of the applicants photo ID will be required for our files.
REPAYMENT: Payments are due on the 15th of each month and will be via automatic debit to the client’s bank account. Late or returned payments are subject to a fee.
I/WE HEREBY ACKNOWLEDGE THE AFOREMENTIONED POLICY: